Tuesday, May 12, 2015

EU finance ministers meet for further talks on Greece

Finance Ministers from across the European Union are meeting in Brussels for a second day of talks on Greece.

The country could be two weeks away from a cash crisis according to Greek finance minister Yannis Varoufakis (ya-nis va-roo-fa-kiss) with a deal to unlock further rescue funding still seeming a long way off.

Our Europe correspondent Jack Parrock reports. 

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UK PM holds first cabinet meeting

UK Prime Minister David Cameron will hold his first cabinet meeting later after selecting his top-team over the weekend...

The Conservatives won a majority in last week's general election.

Our UK correspondent Dan Whitehead reports...

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Kerry to hold first talks in Russia since start of Ukraine crisis

US Secretary of State John Kerry is to hold talks in Russia, his first visit there since the start of the Ukraine crisis in early 2014.


The topics of discussion are expected to include the situations surrounding Ukraine, Syria and Iran, but come amid the worst period of relations between Washington and Moscow since the end of the cold war.


Tom Barton reports.


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GREECE 'COULD GO BANKRUPT IN TWO WEEKS'

Greece's finance minister says his country could go bankrupt if it can't reach agreement with creditors within the next fortnight.

Yanis Varoufakis spoke after eurozone finance ministers said more work was needed if Greece is to see the final €7.2bn tranche of its EU/IMF bailout released.

The Greek government has been working on a list of economic reforms to secure the next round of funding but its international creditors have not yet been satisfied.

Laith Khalaf of stockbroker Hargreaves Lansdown says the situation is becoming increasingly urgent despite Greece meeting its latest debt interest payment deadline with the IMF. 

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CAMERON CABINET MEETS FOR FIRST TIME

British Prime Minister David Cameron's new Conservative cabinet is meeting (later) for the first time.

Mr Cameron has put together his first entirely-Conservative cabinet after five years of coalition in which he had to include Liberal Democrats.

His new ministers are being told to prove they are from the party of Britain's workers.

It comes with the opposition Labour Party beginning a search for a new leader after Ed Miliband quit following a dismal election result last week.

But anti-immigration, anti-EU UKIP has called its leadership race off after Nigel Farage was encouraged to withdraw his resignation.

The Conservatives now have a Parliamentary majority, and political reporter Theo Usherwood says Mr Cameron's new cabinet benefits two groups of people most.

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Meanwhile, Ed Miliband's brother David has ruled himself out of Labour's leadership race, while criticising the election campaign which ended in defeat.

Conor Pope, a journalist who writes for the website Labour List, says it comes as little surprise.

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UKIP MEP Roger Helmer denies Mr Farage's return makes the party a laughing stock.

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Shell Gets Conditional U.S. Approval for Arctic Drilling

The U.S. government has conditionally approved a plan by Royal Dutch Shell to drill in the Arctic Ocean this summer. 

Environmentalists say a drilling accident in the treacherous waters of the Arctic could have devastating consequences.

Rachel Silverman reports from San Francisco

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Monday, May 11, 2015

US pledges support for entrepreneurs

The Obama administration wants to see $1 billion invested in the projects of global and emerging entrepreneurs.

A meeting at the White House attracted social and business entrepreneurs from 20 countries, to network and hear advice from successful business people.

U.S. President Barack Obama praised their innovation and ideas as a way to solve the world's problems.

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Former CIA officer sentenced to 3.5 years in jail for leaking info

A former CIA officer has been sentenced to three and a half years in prison for leaking information to a New York Times reporter in 2003.

Jeffery Sterling disclosed classified information about a failed American operation to hamper Iran's nuclear program.

Rebecca Foster reports from Washington.

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US and Russia to talk amidst tensions

America's top diplomat is due to travel to Russia, for his first visit there in two years amidst ongoing tension between the two countries.

John Kerry is expected to meet Russian President Vladimir Putin and other top officials in the city of Sochi (pron: SO-chee).

Relations between Moscow and Washington have been severely strained over a number of issues including the conflicts in Ukraine and Syria.

Malcolm  Brown reports.  

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EU asks for UN mission to tackle migrant smuggling

The European Union has asked the United Nations for help to tackle the
smuggling of migrants into Europe.

It comes after the death of around 1800 people this year who have made
the dangerous Mediterranean crossing from Africa.

Nick Harper reports from the UN in New York.

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Defense rests in sentencing of Boston Marathon bomber

The defense has rested in the sentencing of convicted Boston Marathon
bomber Dzhokar Tsarnaev.

The final testimony came from Sister Helen Prejean, a Catholic nun
known for her anti-death penalty activism, and Susan Sarandon's
Academy Award winning portrayal of her in the film Dead Man Walking

Mimi Chiahemen reports

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FARAGE UN-QUITS AS UKIP LEADER

Nigel Farage is to remain as the leader of Britain's anti-EU, anti-immigration party UKIP.

This despite Mr Farage resigning the post after failing to win a House of Commons seat in last week's British general election.

Olly Barratt reports from London.

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Report Accuses White House of Lying Over Bin Laden Death

An investigative journalist in the US has claimed that the Obama administration lied about the killing of Osama Bin Laden back in 2011. 

Citing an anonymous American source, Seymour Hersh alleges that the White House cooperated with Pakistani intelligence officials to kill Bin Laden, and that the Al Qaeda boss was an unarmed invalid when he was shot by US Navy Seals.

Lorna Shaddick reports from Washington. 

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Australian Teenage terror accused refused bail

A teenage boy accused of planning a terror attack remains in custody in Melbourne as Australian police continue to search his home for evidence.
Arthur Stevens has more

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ISIS could attack American soil - former acting CIA director

The United States is likely to see a major attack by the Islamic State, warns former acting CIA director Mike Morell to the newspaper USA Today.

In a new book (published Tuesday May 12), warns the "great war" against terrorism is likely to stretch decades into the future.

Our Washington correspondent Priscilla Huff reports:

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Libya 'very worried' about EU proposal to use military force against migrant smugglers

Libya is criticizing European union plans to use military force to destroy the boats of people traffickers smuggling migrants across the Mediterranean sea.

The EU wants a mandate from the United Nations to permit military action as part of its measures to tackle the growing migrant crisis with many of the migrant boats departing from Libyan shores.

Our Europe correspondent Jack Parrock reports. 

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Swedish Supreme Court refuses to lift arrest warrant against Julian Assange

The Swedish Supreme Court has refused to lift an arrest warrant against Wikileaks founder Julian Assange for alleged sex offences.


Mr Assange has been living in the Ecuadorean embassy in London since 2012, to protect himself against possible extradition to the US because of the role Wikileaks played in publishing thousands of classified documents.


Our UK correspondent Natalie Powell reports..



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US puts brave face on Saudi King's boycott of Camp David talks

The United States is putting a brave face on a decision by the Saudi king to stay away from a meeting of Persian Gulf leaders that is due to take place at Camp David this week.


Many analysts in the United States are interpreting the move by King Salman as a snub because of Riyadh's opposition to President Obama's proposed nuclear deal with Iran.


Our Washington Correspondent Simon Marks reports.


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(ALT)


Our Washington Correspondent Simon Marks reports.


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CAMERON CHOOSES CABINET

British Prime Minister David Cameron is putting together his first cabinet after winning the UK's General Election.

Mr Cameron's Conservatives roundly defeated the opposition Labour Party in Thursday's vote.

Olly Barratt has more from Downing Street.

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UK correspondent Olly Barratt is at Downing Street and says one of his cabinet's immediate priorities will be the EU.

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UK correspondent Olly Barratt is at Downing Street and says the Prime Minister knows the Scottish issue needs to be dealt with quickly.

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Greece and eurozone finance ministers in debt talks

Eurozone finance ministers are meeting in Brussels to stave off a collapse of the Greek economy as the country hopes to secure a bailout fund in exchange for more public reforms. 

Ahead of the meeting, officials in Athens said Greece will be able to meet a 750million euro repayment deadline to the IMF tomorrow [on Tuesday].

Our Europe correspondent Sandra Gathmann reports.

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